Dimensional Fund Advisors LP Grows Holdings in Cray Inc. (CRAY)

Dimensional Fund Advisors LP raised its holdings in shares of Cray Inc. (NASDAQ:CRAY) by 15.5% in the 3rd quarter, Holdings Channel reports. The firm owned 2,264,358 shares of the technology company’s stock after buying an additional 304,378 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Cray worth $44,042,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Strs Ohio bought a new position in Cray during the third quarter valued at $101,000. SG Americas Securities LLC bought a new position in Cray during the third quarter valued at $124,000. BNP Paribas Arbitrage SA lifted its position in Cray by 59.6% during the second quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock valued at $246,000 after purchasing an additional 5,001 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Cray by 57.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,120 shares of the technology company’s stock valued at $294,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Cray during the third quarter valued at $375,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Several equities analysts have commented on CRAY shares. Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. BidaskClub lowered shares of Cray from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. TheStreet upgraded shares of Cray from a “d+” rating to a “c-” rating in a report on Monday, November 27th. Wells Fargo & Co started coverage on shares of Cray in a report on Tuesday, November 14th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, KeyCorp restated a “buy” rating and issued a $24.00 target price on shares of Cray in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.40.

In related news, SVP Michael Charles Piraino sold 1,100 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.00, for a total value of $25,300.00. Following the transaction, the senior vice president now owns 43,484 shares of the company’s stock, valued at approximately $1,000,132. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Charles A. Morreale sold 42,680 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total transaction of $826,711.60. The disclosure for this sale can be found here. Insiders sold a total of 74,005 shares of company stock valued at $1,534,913 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Shares of Cray Inc. (CRAY) opened at $25.85 on Tuesday. The stock has a market cap of $1,040.00, a PE ratio of 103.40 and a beta of 1.69. Cray Inc. has a twelve month low of $16.10 and a twelve month high of $26.65.

Cray (NASDAQ:CRAY) last released its earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.16. The firm had revenue of $79.70 million during the quarter, compared to analyst estimates of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.49) EPS. equities analysts forecast that Cray Inc. will post -1.14 earnings per share for the current year.

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Cray Company Profile

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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